Asia Energy PLC
08 April 2005
ASIA ENERGY PLC
ISSUE OF EQUITY AND DIRECTOR'S DEALING
Asia Energy PLC ('the Company'), the 100% owner of the Phulbari Energy Project
in north-west Bangladesh, today announces that it has issued and allotted 53,386
new Ordinary Shares of 10p each, at a price of 75p, pursuant to an exercise of
warrants. These new Ordinary Shares are issued under the terms of the Company's
existing warrant instrument with W.H. Ireland Limited, the Company's previous
Nominated Adviser and Broker.
In addition, a further 157,000 new Ordinary Shares were today issued and
allotted, at a price of 75p, pursuant to an exercise of existing options.
David Lenigas, a director of the Company, exercised an option over 100,000 new
Ordinary Shares of 10p each, at a price of 75p. Mr. Lenigas now holds a
beneficial interest in 100,000 Ordinary shares, which represents 0.26% of the
current issued capital of the Company.
The new Ordinary Shares will rank pari passu with the existing Ordinary Shares
of 10p each in the Company and trading of these shares on AIM is expected to
commence on 14th April 2005.
The total number of Ordinary Shares in issue following this issue is 38,631,024.
8 April 2005
This information is provided by RNS
The company news service from the London Stock Exchange